2023 Asia Pacific Retail Flash Survey

The retail recovery in Asia Pacific gathered pace in 2022, with half of the respondents to CBRE’s latest Asia Pacific Retail Flash Survey saying that sales in the second half of the year surpassed pre-pandemic levels. There was some variation across markets, with mainland Chinese respondents less positive due to the ongoing pandemic restrictions, which remained in force at the time of the survey.

There is much optimism among retailers for 2023 due to the expectation of increased international tourism in Asia Pacific, despite rising costs and economic uncertainty. There is also a strong expansionary sentiment among retailers in the region, especially those in the general fashion, entertainment and other services trade industries.